Export prices for flat steel from the Commonwealth of Independent States (CIS) continued to fall this week, with offers and deals heard at lower levels, according to market participants.
Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil fell to $495-510 per tonne fob Black Sea on Monday October 29, down from $517-523 per tonne fob Black Sea a week earlier.Offers from Russia's Magnitogorsk Iron & Steel Works (MMK) for the Middle East and North Africa (Mena) region were reduced to $510-512 per tonne fob Black Sea, sources said, compared with $517-520 per...